US MArket Losed lower, Market managed to climb off their lows, Russell closed 1% higher...Eco Data didn't helped the sentiment...the 10-yr note was up more than two points at its best level of the day with the benchmark yield down 34 basis points. That represented the sharpest move since the $1 trillion QE program was unveiled in March 2009, Treasuries may have also received a boost from comments made by The Wall Street Journal's Jon Hilsenrath, who said the recent drop in commodity prices gives the fed more room to delay its first rate hike. To that point, the fed funds futures market has pushed out the probability of the first hike from July 2015 to the end of 2015. Interestingly, the stock market all but ignored the report, leading to speculation that equity investors may be starting to question the power of the Fed and other central banks after years of asset purchases and rate cuts that have been followed by subpar growth and disinflationary pressures ...Volume were important @ 1.1bil shares...VIX @ 26.25 +15.18%...US After Hours HCA +7.2%, BGG +2.4%, HNI +2.3%, NFLX -26.2%, EXTR -21.0%, EBAY -1.0% following earnings/guidance...Asian markets continued to sell off on global concerns. Following a selloff in the Europe and US markets, China Ministry of Commerce also released Sept China FDI data attracting $9.0B, which was an increase of 1.9% y/y...Press sources reported China Sept power consumption was at +2.7% compared to the prior month's reading of -1.5%... BOJ Governor Kuroda said that the weak yen can boost exports, stocks. The rise in import costs from weak yen has somewhat offset by sharp fall in commodity prices...Nikkei -2.5% Hang Seng -0.71%...Shanghai -0.05%
Eur$1.2795 S&P+0.30% EuroStoxx +0.69% FTSE +0.42% DAX +0.79% SMI +0.15%
Macro
- Slowing Demand Caught Oil Market by Surprise: Repsol Economist
- China Sept. New Loans 857.2b Yuan; Est. 750b Yuan
Keep an eye on :
- CS FP : AXA SA Outlook to Positive From Stable by S&P; Rating Affirmed
- BKIA SM : Bankia Portfolio Sale Is Credit Positive, Moody’s Says
- CA FP : Carrefour 3Q Sales In Line With Ests.
- CBK GY : Commerzbank U.S. Settlement Postponed on Olympus Probe: Reuters
- COV US : Medtronic Remains Committed to Covidien Deal, Deutsche Bank Says
- DBHN GY : Deutsche Bahn to Get EU1b More for Infrastructure: Sueddeutsche
- EDEN FP : Edenred 3Q LFL Issue Vol. In Line With Ests., Confirms Forecast
- EDP PL : EDP Says 3.3% Increase Proposed for 2015 Residential Power Rates
- FCC SM : FCC Shareholders Meeting Will Consider Capital Increase
- GSZ FP : GDF Suez Won't Make Binding Bid for E.ON Italy Assets: Reuters
- NESN VX : Nestle 9-Mo. Organic Sales Growth 4.5%; Analyst Est. 4.7%, Nestle 9-Month Sales Growth Miss Ests.
- NOVN VX : Novartis Leukemia Therapy Tied to 90% Remission in Study
- NUM FP : Drahi Plans to Make Denoyer Head of SFR-Numericable: Figaro
- POM FP : Plastic Omnium Plans EU1.7B of Investments to 2018: Les Echos
- RCO FP : Remy 2Q Organic Sales Growth In Line With Ests.
- RIO LN : Rio Tinto CEO Says Not Seeking ‘Major M&A’, Nikkei Reports
- RIO LN : Chinalco Seeking Rio Tinto Board Seat, Bigger Role: Reuters
- ROG VX : Roche 3Q Sales Beat Ests.; Breast Cancer Drug Sales Grow
- RWE GY : Reportedly UK officials to block €5.0B sale of RWE oil and gas unit Dea to a Russian investor , BASF is said to be interested
- SLIGR NA : Sligro Says Supermarket Spending Under Pressure
- SYMM VX : Syngenta 3Q Integrated Sales Up 3% at Constant FX, Dropping Cash Flow Ex-M&A Target of $1.3b
- TIT IM : Italy Govt Studies Plan for Role in Telecom Italia: Repubblica
- ZIGGO NA : Ziggo 3Q Sales, Adj. Ebitda Rise; Keeps 2014 Forecast